The price of Bitcoin is around 68,290 dollars with a negative variation in the last hours of -3.01% and has moved in a range of 68,110 dollars as the minimum and 70,516 dollars as the maximum in the last 24 hours. Volatility is expected. Technical supports around 62,000-63,000 dollars. Resistance close to 72,000 dollars.
High volatility with movements of 5-10% in a few days is common. Risk of correction; supports around 62,000 dollars could be tested if the downward pressure increases. Buying opportunity; long-term investors usually take advantage of drops towards support levels.
The price of Bitcoin is hovering around 71,500 dollars with a positive variation of +1.15% in the last hours and has moved in a range of 70,650 dollars as minimum and 71,989 dollars as maximum in the last 24 hours. Decisions on interest rates in the United States and Europe directly affect liquidity and appetite for risk. Greater participation of banks and investment funds, which provides relative stability but does not eliminate volatility.
Regulatory news, decisions from central banks, and movements of large holders can alter the trend.
Bitcoin with a bearish trend in the short term, analysts present scenarios that range from a moderate range of 56,000 - 80,000 dollars to optimistic ones of 100,000 - 150,000 dollars, depending on the evolution of ETFs and monetary policy.
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